Industrial Reports

Port markets still lead the nation in rent expansion, with vacancy rates in certain areas tightening to as low as 1%. 

September 2021 lease rate and vacancy stats for top U.S. industrial markets & insights on industry and economic recovery fundamentals.

Port markets continue to top asking rents, sale prices and tight vacancy rates, with select Southeastern hubs following.

Port markets in Southern California lead rent growth, sales volume tops $1B in two new markets and Phoenix pipeline shows no signs of slowing.

As global trade routes reopen, West Coast port markets are seeing significant increases in activity. Naturally, this translates to high occupancy and vacancy rates of below 2%, as well as lease spreads of nearly $2 per square foot. 

Development continues at accelerated pace, working to keep up with growing demand across the country, with some markets tightening to vacancy rates of 3% and even 2%.

U.S. industrial lease rates continued to climb in April while vacancy held steady at 6.1%. Sales activity accelerated, closing out April with $5.1 billion in industrial transactions nationwide.

As U.S. industrial lease rates climbed 4.4% YoY, vacancy held steady in March 2021, and sales activity exceeded $8 billion in first quarter transactions.

U.S. industrial rents grew 5.1% & over 7% Y-o-Y in coast markets. The PPS grew 10% since Q4 2020. Construction will boom in inland markets.

U.S. industrial rents grew 5.1% Y-o-Y in 2020, to $6.44 per sq. ft. in January 2021. By February 2021, 27.8 million sq. ft. of new stock was delivered.